UNODC estimates that hundreds of industrial-scale scam centers...
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Snow persistence in Hindu Kush hits 23-year low south Asia’s water security at risk: Report
``To tackle this regional snow crisis and the challenges it creates...
First shockwaves of Trump’s trade tariffs about to hit global economy
“Our new growth projections will include notable markdowns, but not...
Impossible to track exact number of COVID cases in China: Chinese health agency
China's top official in charge of the pandemic, Sun Chunlan, while visiting hospitals on Wednesday said that China's capital, Beijing, has for the first time been hit by a significant outbreak. Chunlan explained that the country's focus needs to shift from preventing...
Oil tanker owners show signs of shunning Russia’s Asian crude
Since Dec. 5, buyers of cargoes from Russia have only been allowed to access industry standard insurance and an array of trade-critical services if they pay $60 a barrel or less There are tentative signs that oil tanker companies are avoiding sending their ships to...
Reinsurers to stop covering key war risks related to Russia-Ukraine conflict
Hannover Re and Munich Re are among reinsurers who have warned that they will cease to underwrite any kind of risks — even indirect ones — related to the conflict in Ukraine from the start of next year, according to people familiar with the matter. The major German...
Satellite launched to map the world’s oceans, lakes, rivers
Nicknamed SWOT — short for Surface Water and Ocean Topography — the satellite is needed more than ever as climate change worsens droughts, flooding and coastal erosion, according to scientists Perhaps most importantly, the satellite will reveal the location and speed...
Global coal consumption set to hit new high this yr despite ambitious goals
Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tons in a single year for the first time, according to an International Energy Agency report published Friday. It also said consumption will likely remain at that level until 2025, as declines...
China’s factories to the world brace for Tsunami of Covid cases
The resulting eruption in infections is set to be a key test for a vast network of factories that account for almost one-third of the world’s manufacturing output. Those plants are now taking extraordinary steps to ward off infections From locking in workers to...
Climate change could cost pension funds billions, EU watchdog says
Only 14% of pension schemes said they were already using environmental stress-testing in their own risk management, a subgroup that performed better than their peers in the test, EIOPA said. Pension funds across the European Union would lose billions of euros from...
Fed lifts rates by half percentage point, sees economy nearing stall speed
The U.S. central bank's projection of the target federal funds rate rising to 5.1% in 2023 is slightly higher than investors expected heading into this week's two-day policy meeting and appeared biased if anything to move higher WASHINGTON: The Federal Reserve raised...
New Zealand passes minimum age law aiming to ban smoking for next generation
The law states that tobacco can't ever be sold to anybody born on or after January 1, 2009 - and from now on, the minimum age for buying cigarettes will keep going up and up New Zealand is not the only nation pushing to ban smoking for the next generations. In June, a...
ADB trims economic growth forecast for developing Asia, equity investors remain bullish
Monetary policy tightening by central banks globally and in the region, the protracted Russian invasion of Ukraine, and recurring lockdowns in the People's Republic of China (PRC) are slowing down developing Asia's recovery from the Covid-19 pandemic, ADB said....